Spain: Crude Palm Oil Market Overview 2020

Crude Palm Oil Market Size in Spain

The revenue of the crude palm oil market in Spain amounted to $X in 2018, lowering by -X% against the previous year. Over the period under review, crude palm oil consumption, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, the crude palm oil market attained its maximum level at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

Crude Palm Oil Production in Spain

In value terms, crude palm oil production amounted to $X in 2018 estimated in export prices. In general, crude palm oil production continues to indicate a deep drop. The pace of growth was the most pronounced in 2014 when production volume increased by X% year-to-year. Crude palm oil production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Crude Palm Oil Exports

Exports from Spain

Crude palm oil exports from Spain totaled X tonnes in 2018, coming down by -X% against the previous year. Over the period under review, crude palm oil exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. In that year, crude palm oil exports attained their peak of X tonnes, and then declined slightly in the following year.

In value terms, crude palm oil exports amounted to $X in 2018. Overall, crude palm oil exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. In that year, crude palm oil exports attained their peak of $X, and then declined slightly in the following year.

Exports by Country

The UK (X tonnes), France (X tonnes) and Portugal (X tonnes) were the main destinations of crude palm oil exports from Spain, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the UK, while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Portugal ($X) were the largest markets for crude palm oil exported from Spain worldwide, with a combined X% share of total exports.

Portugal experienced the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crude palm oil export price stood at $X per tonne in 2018, going down by -X% against the previous year. Over the period under review, the crude palm oil export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% against the previous year. In that year, the average export prices for crude palm oil reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average export prices for crude palm oil remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per tonne), while the average price for exports to the UK ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced more modest paces of growth.

Crude Palm Oil Imports

Imports into Spain

In 2018, the crude palm oil imports into Spain amounted to X tonnes, coming down by -X% against the previous year. Over the period under review, crude palm oil imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Imports peaked at X tonnes in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, crude palm oil imports amounted to $X in 2018. Over the period under review, crude palm oil imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, crude palm oil imports reached their maximum at $X in 2015; however, from 2016 to 2018, imports remained at a lower figure.

Imports by Country

Malaysia (X tonnes), Indonesia (X tonnes) and Colombia (X tonnes) were the main suppliers of crude palm oil imports to Spain, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Colombia ($X) were the largest crude palm oil suppliers to Spain, together accounting for X% of total imports.

In terms of the main suppliers, Malaysia recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crude palm oil import price stood at $X per tonne in 2018, declining by -X% against the previous year. In general, the crude palm oil import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% y-o-y. In that year, the average import prices for crude palm oil reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average import prices for crude palm oil remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Solomon Islands ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Solomon Islands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform